What is workforce Competitiveness?

The Workforce Competitiveness Trust Fund invests in demand-driven programs designed by industry partnerships that train and place unemployed and underemployed workers. The WCTF serves men and women across the Commonwealth who are ready to engage in programming but require targeted support to succeed in employment.

What is the future of workforce?

The future of work is being shaped by two powerful forces: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce to include both on- and off-balance-sheet talent.

What are the future projections for diversity of the workforce in the United States?

The U.S. labor force—the number of people working or looking for work—is projected to reach 163.8 million in 2024. The labor force is anticipated to grow by 7.9 million, reflecting an average annual growth rate of 0.5 percent, over the 2014–24 period.

How large is the US workforce?

In October 2021, the civilian labor force amounted to 161.46 million people in the United States.

How do you build a competitive workforce?

5 Steps to Make Employees Your Competitive Advantage

1. Practice Integrity. Integrity is doing what you say you will do.
2. Ensure Safety. Are your buildings safe places to work?
3. Extend Social Acceptance. Extending social acceptance means you accept new hires and people already working for you as they are.

Is the US workforce as a whole getting younger or older?

Over the entire 2014–24 decade, the labor force growth rate of the 65- to 74-year-old age group is expected to be about 55, and the labor force growth rate of the 75-and-older age group is expected to be about 86 percent, compared with a 5-percent increase for the labor force as a whole.

How will the US workforce be different in 2050 than it was in 2010?

Although the labor market share of the 45-to-54 age group increased slightly from 2000 to 2010, the share is projected to decline to 20 percent in 2050. After an initial drop from 26 percent in 2000 to 22 percent in 2010, the share of the 35-to-44 age group is projected to hold steady through 2050.

What is the ‘workforce of the future’ study?

Our ‘Workforce of the future’ study looks at four possible Worlds of Work for 2030 to help you kick-start your thinking. You can also take a closer look at the views of 10,000 people in our survey findings summary. Video Player is loading. This is a modal window. Beginning of dialog window. Escape will cancel and close the window.

How many worlds of work are there for 2030?

Our ‘Workforce of the future’ study looks at four possible Worlds of Work for 2030 to help you kick-start your thinking. You can also take a closer look at the views of 10,000 people in our survey findings summary.

How can we prepare for the future of work?

Act now. No regrets and bets. Make a bigger leap. Own the automation debate. People not jobs. Build a clear narrative. Act now. This isn’t about some ‘far future’ of work – change is already happening, and accelerating. No regrets and bets.

What is the PwC workforce Pulse survey?

PwC conducted an online survey of 1,515 US-based adults from a general population between March 9 and 11, 2021. The PwC Workforce Pulse Survey is conducted periodically to track changing sentiment and priorities among employees. Hear from PwC specialists who are tackling today’s most pressing workforce challenges.